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...billion has been liquidated, including the shock sale of the nation's proudest status symbol, the 51-storey Nauru House tower in central Melbourne. Receivers appointed to recover a $A263 million debt to the General Electric Corporation sold the property last month. Adeang, one of several young, well-educated reformers in the government elected in an October landslide, says most of Nauru's 10,000 residents have finally accepted that change must happen: "We have said there is no other way but reform...

Author: /time Magazine | Title: Will Nauru Get a Second Chance? | 12/14/2004 | See Source »

...artists, all exploring the concept of time. In Untitled (Bangkok), Serb Bojan Sarcevic walks the alleys of the Thai capital, showing that the journey, not the arrival, matters. In Indonesia-born Fiona Tan's Rain, two blue plastic buckets never quite get filled by a monsoon. It's a symbol of futility, like emptying the sea with a cup, yet a soothing, contemplative one. Equally calm but with a sinister undertone is Albanian Anri Sala's Blindfold. Blank billboards on Vlorë and Tirana roofs reflect the rising sun into the viewer's eyes, people hurry by on the street...

Author: /time Magazine | Title: Screen Gems | 12/12/2004 | See Source »

...Untitled (Bangkok), Serb Bojan Sarcevic walks the alleys of the Thai capital, showing that the journey, not the arrival, matters. In Indonesia-born Fiona Tan's Rain, two blue plastic buckets never quite get filled by a monsoon. It's a symbol of futility, like emptying the sea with a cup, yet a soothing, contemplative one. Equally calm but with a sinister undertone is Albanian Anri Sala's Blindfold. Blank billboards on Vlor? and Tirana roofs reflect the rising sun into the viewer's eyes, people hurry by on the street, and after a long stillness, a pallid hand emerges...

Author: /time Magazine | Title: Screen Gems | 12/12/2004 | See Source »

Local band Jericho starts off the night with punk. Next comes Lock and Key. Their symbol is a chainsaw—let’s just leave it at that and follow up with Crisis Bureau, whose original hard rock is appealing even outside the typical fan base. Upstairs at the Middle East. 9 p.m. For audiences 18+. Tickets...

Author: NO WRITER ATTRIBUTED | Title: Happening | 12/3/2004 | See Source »

...virtual lock that the magic price point?at which flat-panel TVs switch from being a status symbol of the rich and hip to an everyday feature in many living rooms?will be reached in the near future. That's because the Asian consumer-electronics companies that dominate the flat-panel industry are building too many factories too fast. A glut is in the offing, and while prices have already been falling, more rapid declines are expected. Consulting firm iSuppli Corp. estimates that a 37-in. (94-cm) LCD TV that now retails for more than $4,000 will cost...

Author: /time Magazine | Title: Flat Chance | 11/22/2004 | See Source »

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